From Marx to Mises : post-capitalist society and the challenge of economic calculation

In 1920, Ludwig Von Mises Proclaimed That All Attempts To Establish Socialism Would Come To Grief, For Reasons Of Informational Efficiency. At First, Socialists And Economists Took Mises's Argument Seriously, But By The End Of The Second World War, A Consensus Prevailed That Mises Had Been Discredited. More Recently, That Consensus Has Been Rapidly Reversed: It Is Now Widely Agreed That 'mises Was Right'. Yet The Momentous Implications Of The Mises Argument - For Economics, Politics, Culture, And Philosophy - Remain Largely Unexplored. From Marx To Mises Is A Clear, Penetrating Exposition Of The Economic Calculation Debate, And A Scrutiny Of Some Of The Broader Issues It Raises. A Quick Look At The Mises Argument -- The Abolition Of The Market -- The Economic Organization Of The Post-capitalist Society -- The Discovery Of The Economic Calculation Problem -- Re-reading Mises On Economic Calculation -- Using Labor-hours To Plan Production -- From Market Simulation Back To Market Socialism -- Property Rights And The Limits Of Market Socialism -- Motivation And Information -- Division Of Knowledge -- Planning And The Market -- Abundance And The Price System -- Anarchy, State, And Communism -- Prospects For Workers' Self-management -- In Defence Of Scientific Utopianism. David Ramsay Steele. Includes Bibliographical References (p. [377]-399) And Index. This contribution to economic philosophy considers Marx's pronouncements on the organization of future society, and in this context re-examines the long-lasting debate triggered by Mises's argument that modern industrial production requires a system of spontaneously-formed market prices.